liangfeng

elcfa Wrote:
-------------------------------------------------------
> Both formulas are used to create synthetic cash.
> Both should yield similar number of futures to be
> bought, if used/calculated correctly.
> They use different inputs, however.

Is it that (Tbill Value)(1+rf)^t / Pf is used when cash/synthetic cash is involved ? and (bT - bp)/bf x (Vp/Pf) is used when cash/synthetic cash is not involved ? Thanks in advance !